ABSTRACT
This research work examines the impact of monetary policies on foreign trade in Nigeria. The research made use of secondary data which are collected from the Central Bank of Nigeria, Statistical Bulletin (2010). The data were collected for the period of thirty years (i.e.) 981-2010). The study employed quantitative analysis approach. The variables considered appropriate indices for monetary policy were Money Supply, Interest Rate, Exchange Rate, Inflationary Ratio and Liquidly Ratio. The major tool of analysis is a multiple regression analysis model specified on the basis of perceived function relationship between monetary policies and foreign exchange earnings in Nigeria. Treating foreign exchange earnings as the explanatory and the others as the explanatory variables, a multiple regression model was specified to forge a link between the variable sets. The model was estimated using the ordinary least squares (OLS) techniques and evaluated based on relevant data from the regression output. The result showed that Money Supply, Exchange Rate, Inflationary Ratio exerted positive effect on foreign exchange while Interest Rate and Liquidity Ratio exerted negative influence on foreign exchange. In addition, the model exhibited high explanatory power and indicated absence of first order serial correlation in the explanatory variable. Based on the findings, the study concluded that a clear-out and obvious relationship existed between monetary policy and foreign trade in Nigeria and, thus recommended for conscious efforts to be made to fine-tune the various monetary variables in order to provide an enabling environment to stimulate foreign trade.
ABSTRACT
Theft and Vandalism in Academic Libraries project research material is to red...
ABSTRACT
Attitudinal studies have been areas of explo...
Background of the study
It should come as no surprise that huge sums of money and vast amounts of material are bein...
BACKGROUND OF THE STUDY
The problem of fraud in the public sector has assumed immense proportions with...
EXCERPT FROM THE STUDY
Fake news is best defined as "misinformation" (the unintended sharing of inaccurate information) and &qu...
ABSTRACT
This research was carried out to assess Lecturers‟ ICT Competencies in the Use of Electronic Information Resources for Teaching...
ABSTRACT
Perception of any given environment enables one to comprehend and react to stimuli brought about by the environment. As such, th...
ABSTRACT
The radiation dose received by the patient during the radiological examination is essential to prevent risks of...
ABSTRACT
This study was carried out to assess the effect of covid19 on tourism in Nigeria, using Obudu...
ABSTRACT
This research assessed the effect of reward management system on employee productivity in the...